Bioreactors Market size to grow by USD 2.23 billion from 2023 to 2028, Europe to account for 29% of market growth - Technavio
NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The bioreactors market is expected to grow by USD 2.23 billion from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 6.99% during the forecast period, according to Technavio Research. The market has been segmented by end-user (biopharmaceutical companies, research institutes, and contract research organizations), type (automated and manual), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). Europe is estimated to contribute 29% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to companies is North America. High investment in healthcare research and development in the US is one of the main factors. The growth of the North American bioreactors market is also driven by strong distribution networks, which range from countries like the US and Canada to pharmaceutical companies focusing on discovering and developing new medicines.
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Company Profile:
Automated Engineering Services Inc., Bioengineering AG, BPC Instruments AB, Cell Culture Co. LLC, Danaher Corp., Distek Inc., Donaldson Co. Inc., Eppendorf SE, Getinge AB, Infors AG, LAMBDA CZ sro, Merck KGaA, PBS Biotech Inc., Pierre Guerin SA, Sartorius AG, Solida Biotech GmBH, Thermo Fisher Scientific Inc., Zellwerk GmbH, ZETA, and 3D Biotek LLC
Automated Engineering Services Inc - The company offers bioreactors such as 3D Perfusion Bioreactor which consists of multiple independent, autoclavable polycarbonate chambers.
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Bioreactors Market: Segmentation Analysis
The biopharmaceutical companies segment is estimated to witness significant growth during the forecast period. There is a growing need for pharmaceutical and biotechnology companies to produce high-quality, regulatory-compliant medications and therapeutic treatments due to the rising prevalence of chronic diseases worldwide.
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Bioreactors Market: Market Dynamics
Key Driver
- Increased collaborations among stakeholders
- Growing demand for single-use bioreactors
- Increased availability of accessory products
The increased collaborations among stakeholders are a key factor driving market growth. To enhance their market share and become a dominant player in the global bioreactors market, many of these partnerships with undertakings have led to the development of a strong client base, technology, financial capacity as well and R&D capabilities.
Major Trend
The availability of value-added software services is a major trend in the market.
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Related Reports:
The cell culture consumables market size is estimated to grow at a CAGR of 22.3% between 2022 and 2027. The size of the cell culture market is forecast to increase by USD 23,729.7 million.
The bioprocess validation market size is estimated to grow at a CAGR of 11.39% between 2022 and 2027. The market size is forecast to increase by USD 280.93 million.
What are the key data covered in this Bioreactors Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the bioreactors market between 2023 and 2028.
- Precise estimation of the bioreactors market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the bioreactors market across North America, Europe, Asia, and ROW
- A thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of bioreactors market companies.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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